Careem raises $200 million to expand, expects more funds
The $200 million came from existing investors which includes Saudi Arabian billionaire Prince Alwaleed bin Talal’s Kingdom Holding, Al Tayyar Group, STV, and Japanese e-commerce company Rakuten
Maqsad announces raising $2.1mn in pre-seed funding for its mobile-first learning platform
LAHORE: In India, tech entrepreneur Byju Raveendran’s edtech startup, named Byju’s, is raising $1.5 billion at a mammoth valuation of $21 billion....
Digital payments could bring $1.5 billion windfall to Karachi, says Visa study
KARACHI: Businesses, individuals, and government can stitch up savings of around $1.5 billion from the megapolis of Karachi alone if consumers adapt...
Amazon to foray deeper into fresh produce in India
BENGALURU: Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five...
LMKT, Microsoft join hands to launch AppFactory in Pakistan
The AppFactory will recruit up to 30 apprentices every six months, and place them alongside senior software technicians to work on...
There’s scope for more cellphone companies in Pakistan: Ammar Ahmed
KARACHI: Nokia, with its new line of smartphones, will not be killing any sales for competing brands, according to its subsidiary’s Head...
Facebook to invest $1bn in first Asian data center in Singapore
SINGAPORE: Facebook said on Thursday it will invest more than $1 billion to build its first data centre in Asia in Singapore,...
Facebook admits to sharing user data with select companies
The companies had access to the data during a stretch of time in 2015 after Facebook had locked out most developers who build apps that work on its social network.
Google to charge Android partners up to $40 per device for apps: source
The new fee goes into effect on Oct. 29 for any new smartphone or tablet models launched in the European Economic Area and running Google’s Android operating system, the company announced on Tuesday
Inbox tech IPO planned for June
One of Pakistan’s largest IT company by revenue, Inbox Business Technologies Limited is seeking to raise Rs1.5b in an initial public offering...
$300 million market and growing: worlds’ largest courier and parcel service joins hands with TCS
Karachi
Pakistan’s most recognized courier, logistics and e-commerce provider, Tranzum Companies and Services (TCS) has announced a partnership with United Parcel Limited (UPS), the world’s...
BridgeLinx announces raising $10m in seed funding for its trucking marketplace
Lahore-based digital freight marketplace startup, BridgeLinx, has announced raising $10 million in the country’s largest seed round.
The startup helps businesses and manufacturers...
Pakistan’s Truck It In raises $13mn in seed money to fund expansion
Karachi-based trucking startup Truck It In has announced raising a $13 million seed round, which is by far the largest raised by a...
Bitcoin futures surge ahead in opening launch, Dollar sustains gains
SYDNEY: Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while...
Pakistan’s Trukkr announces $6.4m raise as it shifts focus to fintech
Startup also secures NBFI license from SECP for lending to transporters